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What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc.

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Institutional SFR players are stuck in the doldrums

Housing Wire

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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14 lucrative jobs in real estate with high earning potential

Housing Wire

Real estate agent License or education required: Yes Average national salary: ~$86,000 Job description: The fundamental duties of a real estate agent are to assist individuals with buying, selling and renting residential and/or commercial properties. Interested in learning more?

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How to Buy a Multifamily Property in 10 Steps

The Close

It is generally more straightforward and manageable than purchasing a large commercial property. Renovation costs: Depending on the property’s condition, you may need minor and/or significant renovations before renting it out. The longer renovations take, the higher your carrying costs will be.

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Asbestos Home Inspections: When to Get One and What to Expect

HomeLight

Should you get an asbestos home inspection to find out more? The EPA banned spray-on asbestos through the Clean Air Act of 1970, and current legislation does not allow asbestos in products classified as flooring felt, rollboard, commercial paper, specialty paper, and corrugated paper. When should you get an asbestos inspection?

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Buying an Apartment Building: Complete Guide

AAOA

Inspect: Rent rolls Financial statements (T-12s) Unit-by-unit condition Leases and legal compliance Title, zoning, insurance history CapEx needs (roof, HVAC, plumbing, etc.) Down Payment Requirements When financing a deal, most commercial lenders require between 20% and 30% down. How Much Does It Cost to Buy an Apartment Complex?

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Finding the Perfect Multifamily Property

AAOA

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property.